What would you define as product-market-fit for an insurtech carrier? how would you measure it?
A couple of things to keep in mind:
- An insurance carrier needs to be licensed (and fully funded) to operate and sell its first policy.
- Could take a few years to get enough insurance claims data to optimize underwriting model (claims take time to be reported and develop).
I guess basically what I’m asking is how this - https://a16z.com/2017/02/18/12-things-about-product-market-fit/ fits on insurance.